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TheNomadTraderYT

GBPCAD H4 Triangle + 200 WMA Short

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
TheNomadTraderYT  
FX:GBPCAD   British Pound / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators GBPCAD gbpcadshort gbpcadsignal gbpcadanalysis
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trendanalysis chartpattern indicator gbpcad gbpcadshort gbpcadsignal gbpcadanalysis
Hi traders!
The current market conditions suggest a potential reversal in the GBP/CAD exchange rate, pointing towards a local downward trend. This strategic decision is in line with our analysis of a triangle pattern and downwards crossing the 200 period WMA on the H4 timeframe, which signals a favorable Short trading opportunity.
Have a great Weekend!
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